Birkdale is in the bottom 30% in QLD when comparing median price capital growth over the last year. Birkdale gave property investors a disappointing capital gain figure when compared to the rest of the state, with -3.85%.
Comparing Birkdale,4159 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Birkdale is $562500, with sellers offering an average of -5.61% off the asking price.
On average over the past year, suburb has had 18.17 sales per month, which equates to 218 per year.
Advertised rents are around the $490 mark per week – giving a return of 4.53% based on the median price in Suburb
At number 539th in the list of Australian suburbs ordered by increase in median house value over the last year, Birkdale, 4159 is in the top 40% with a property value increase of 1.07% recorded in median house prices.
A 3.27% growth in median value for property investors in Birkdale,4159 puts this suburb at number 87th in terms of best performing suburbs in QLD
At number 1145 in a list of fastest selling suburbs, Birkdale is in the bottom 20% of suburbs in Australia with an average of days on market 109.455 for properties listed there.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 1.76%, investors should hope to achieve an overall return of 5.35%
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Buyers enjoy a central location
Median house price: $569,500
Three-year growth: 15.6%
Rental yield: 4.3%
Stretching from Tingalpa Creek to Wellington Point, the suburb of Birkdale is rich in amenities, with a location that offers access to shops and dining establishments.
After 7.5% growth in the 12 months to May 2018, the median house price hit $570,000. This maintains the five-year streak of steady increases in values.
Investors enjoy a consistent stream of tenants while reaping 4.3% yield on weekly rents of $470, as the rental market boasts an average vacancy rate of just 0.9%.
Birkdale offers a lifestyle that is removed from Brisbane’s busy city while keeping residents close to the water, to schools, shops and public transport. A major shopping hub is located near the housing development of Aquatic Paradise. Birkdale State School and Birkdale South State School have been established here as well. Trains to the city stop at Birkdale railway station.